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Reply to "Refinance rate "
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[quote=Anonymous][quote=Anonymous]3.375% for refi if $740,000 mortgage from B of A (they gave our original mortgage and called about refi) [b]They said interest rate cute last week didn?t impact this at all. Seems odd [/b] Wondering if this rate is too high. Cost is $750 for paperwork[/quote] I get the same thing from my lender. I keep getting told "we need to see the market shift for the better by at least a quarter if not three eighths in order to gain an eighth back on the locked in rate." Which I don't really understand...like, if my locked rate is 3.375% and the rates are now, say, 3% with some lenders, why am I not able to get the 3%?[/quote]
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